#Spinning

2022-11-03

Oerlikon with strong third-quarter results

The Oerlikon Group once again delivered very good figures in both the 9-month report and for the 3rd quarter. Although the Group's order intake declined slightly, sales and operating EBITDA increased significantly. And the outlook was also corrected slightly upwards, so that Oerlikon is expected to close the financial year successfully. The Polymer Processing Solutions division in particular delivered strong figures.

Group sales increased by 7% year-over-year, 12.5% FX adjusted, and operational EBITDA grew by 8% in Q3.

Polymer Processing Solutions achieved 6% sales growth, 12.3% FX adjusted, and 17% operational EBITDA growth in the third quarter. Q3 orders -16.8%, -12.8% FX adjusted. Year-to-date orders +12% and sales +21%.

Surface Solutions increased sales by 7%, 12.6% FX adjusted in Q3. Operational EBITDA margin transitorily impacted by product mix and higher energy costs.

2022 Group Guidance updated: Oerlikon expects sales >CHF 2.9 billion and operational EBITDA margin of 17.0–17.5%.

Q3 operational EBIT was CHF 72 million, or 9.8% of sales (Q3 2021: CHF 61 million; 8.7%). The margin improvements are attributed to higher sales and the benefits of cost actions executed by the Group.

Key figures for the Oerlikon Group as of September 30, 2022 (in CHF million)

1) For the reconciliation of operational and unadjusted figures, please see table I and II of this media release.

“Our teams have executed extremely well in the first nine months of the year against a clearly more difficult macroeconomic environment. Leading indicators signal an upcoming downturn, however, the timing and scope are difficult to predict. We are already implementing measures to mitigate potential impacts, and remain confident in our mid-term strategy,” said Michael Suess, Executive Chairman, Oerlikon Group.

“Based on our year-to-date performance, we are now expecting Group sales to exceed CHF 2.9 billion and the operational EBITDA margin to be between 17.0% and 17.5% for the full year,” added Suess.

Robust Q3 2022 Performance

Group order intake decreased by 8.5% to CHF 764 million, attributed to Polymer Processing Solutions’ record order intake in Q3 2021. Sales increased by 6.7% to CHF 742 million. At constant exchange rates, Group sales increased by 12.5%.

Operational EBITDA for the third quarter improved by 7.6% to CHF 126 million, and the operational EBITDA margin improved by 20 basis points to 17.0%. Q3 operational EBIT was CHF 72 million, or 9.8% of sales (Q3 2021: CHF 61 million; 8.7%). The margin improvements are attributed to higher sales and the benefits of cost actions executed by the Group.

Group Q3 unadjusted EBITDA was CHF 126 million, or 16.9% of sales (Q3 2021: CHF 115 million, 16.6%), and EBIT was CHF 73 million, or 9.8% (Q3 2021: CHF 58 million, 8.3%). The reconciliation of the operational and unadjusted figures can be seen in the tables below.

Table I: Reconciliation of Q3 2022 and 9M 2022 operational EBITDA and EBITDA1

Table II: Reconciliation of Q3 2022 and 9M 2022 operational EBIT and EBIT1

1) All amounts (including totals and subtotals) have been rounded according to normal commercial practice. Thus, an addition of the figures presented can result in rounding differences.

2022 Group Guidance updated

For the full year, Oerlikon expects sales to exceed CHF 2.9 billion (previously around CHF 2.9 billion) and the operational EBITDA margin to be between 17.0 and 17.5% (previously around 17.5%).

Division Overview

Surface Solutions division

Key figures for the Surface Solutions division as of September 30, 2022 (in CHF million)

Despite softening industrial activity, Surface Solutions increased order intake by 4.2% to CHF 346 million and sales by 7.4% to CHF 347 million. The higher sales were attributed to recovery in aerospace and in automotive, the latter driven by gradually easing of the supply-chain shortages.

The Q3 operational EBITDA margin decreased by 140 basis points to 16.8%, reflecting product mix effects and higher energy costs. Operational EBIT was CHF 22 million, or 6.4% of sales (Q3 2021: CHF 19 million, 6.0%). The division’s unadjusted Q3 EBITDA was CHF 59 million or 16.9% of sales (Q3 2021: CHF 58 million, 18.0%). EBIT was CHF 23 million, or 6.5% of sales (Q3 2021: CHF 18 million, or 5.5%).

Polymer Processing Solutions division

Key figures for the Polymer Processing Solutions division as of September 30, 2022 (in CHF million)

Polymer Processing Solutions delivered another quarter of robust results. Sales increased by 6.1% to CHF 395 million. Order intake was sustained at a high level at CHF 418 million. Compared to the prior year, order intake was lower due to the record level of order intake in Q3 2021.

Q3 operational EBITDA improved by 17.4% to CHF 65 million. The operational EBITDA margin of 16.4% was 160 basis points higher year-over-year, due to improved operating leverage and cost control. Operational EBIT was CHF 51 million or 12.9% of sales (Q3 2021: CHF 40 million, 10.9%). The division’s unadjusted Q3 EBITDA was CHF 65 million, or 16.4% of sales (Q3 2021: CHF 52 million, 13.9%), and EBIT was CHF 51 million or 12.8% of sales (Q3 2021: CHF 37 million, 9.9%).

Oerlikon Manmade Fibers Solutions hosted successful Technology Day 2025 in India

Oerlikon Manmade Fibers Solutions recently hosted its highly anticipated Innovation and Technology Day at the Deltin Hotel in Daman by end of January 2025. The event attracted over 300 participants, including industry experts, partners, and stakeholders, who gathered to explore the latest advancements and trends in the manmade fibers industry in India.

Oerlikon reports third quarter 2024 results, highlights strong execution in a challenging market landscape

In the third quarter of 2024, Oerlikon reported a stable operational Group EBITDA margin, despite challenging market conditions, thanks to a focus on pricing, cost management, and efficiency across both divisions. Group order intake saw a 4% year-over-year decline at constant FX, attributed to temporary market softness in Surface Solutions, while orders in Polymer Processing Solutions showed signs of stabilization.

Rieter responds to higher raw material prices

Global political and economic developments have been leading to rising raw material and energy costs for some time. The textile machinery industry is also affected by this trend. Rieter machines and components consist to a large extent of steel, copper, aluminum and electronics. These materials in particular have seen higher demand and higher prices in recent months.

The hub of smart and sustainable transformation in yarn technologies: ITM 2026

With global fiber production projected to reach 169 million tons by 2030, yarn manufacturing is becoming one of the most strategic fields within the textile machinery industry. Located in Halls 6, 7, and 10, the Yarn Hall at ITM 2026 is set to bring together industry professionals with innovative solutions developed around automation, energy efficiency, digitalization, and circular production.

Perfect quality through collaboration: Machinery from Trützschler, Toyota and Murata at Zirve Tekstil

In today’s textile industry, excellence is not achieved by chance – it’s the result of deliberate decisions, technical expertise, and the courage to go beyond conventional paths. The Turkish company Zirve Tekstil has done just that: by combining the best technologies from Trützschler, Toyota and Murata, they’ve created a production setup that delivers outstanding yarn quality – recognized worldwide.

Sustainable, lightweight, and sound absorbing: Polyester-based front trunk solution for BEVs

As car manufacturers look to further reduce their carbon footprint, Autoneum has developed an innovative front trunk solution for battery electric vehicles (BEVs), made entirely from polyester-based textile. The Ultra-Silent Frunk offers significant weight reduction, improved acoustic and thermal insulation, and uses up to 70 percent recycled material, supporting sustainable and efficient vehicle design. Autoneum, global technology leader in acoustic and thermal management for vehicles, has already received orders for the new frunk from three major OEMs in Asia and Europe to be built in three BEV models. Series production for two BEVs has been underway in China and Germany since last year.

Modern testing methods for raw cotton

The 38th International Cotton Conference Bremen will take place from 25 to 27 March 2026 at the Bremen Parliament. This conference has traditionally stood for in-depth expertise and international exchange. The program will focus on technical innovations, market trends, and regulatory frameworks across the entire value chain – from agriculture to the circular economy. With high-profile speakers, the conference is regarded as the key meeting point for the global cotton industry. Today’s focus: Cotton quality and testing methods.

Stäubli demonstrates how innovation translates into real benefits for weaving mills at SITEX 2026

One of India’s most prominent textile industry events, SITEX 2026, is held from February 21 to 23 in Surat. Committed to empowering Indian weaving mills with state‑of‑the‑art solutions tailored to regional needs, Stäubli will present a selection of solutions designed for performance, reliability, and power efficiency. Through its weaving preparation, cam and dobby shedding solutions and Jacquard technologies, Stäubli highlights its global expertise tailored to the specific needs of the local market.